100 Grove St Bridgeton, NJ 08302
- Industrial properties
- 6.74 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 100 Grove St
- Construction
- CONCRETE BLOCKS
- Lot size
- 6.74 lot acres
- Property type
- Industrial properties
- APN
- 01 00146-0000-00001- 02
- APU
- 10014600000000102
Description
This exceptional 6.74-acre industrial property located at 100 Grove Street, Bridgeton, NJ, presents a compelling redevelopment opportunity for discerning business owners and investors. The substantial warehouse building encompasses approximately 83,712 square feet and is currently in need of repair, offering a blank canvas for a comprehensive renovation or repurposing project. The property's strategic location within the Urban Enterprise Zone provides access to potential tax incentives and economic development programs, further enhancing its investment appeal. The expansive 6.74-acre lot offers ample space for expansion, additional construction, or the incorporation of outdoor operational areas. This substantial property is priced at $2,249,000 and represents a significant opportunity to acquire a large-scale industrial asset in a prime location with considerable upside potential. The existing structure, while requiring renovation, provides a solid foundation for a variety of industrial uses, making it an attractive proposition for businesses seeking to establish a strong presence in the Bridgeton market. The scale of the property and its location within the Urban Enterprise Zone combine to create a unique investment opportunity with significant long-term growth potential. Serious inquiries are encouraged to explore the possibilities this property offers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,020,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,900,000
- 6.5%
- $6,805,000
- 7%
- $5,680,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,260,000
- Geo Method
- $5,940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,010,000
- Retail
- $5,625,000
- Mixed-Use
- $5,495,000
- Hospitality
- $5,170,000
- Educational
- $5,605,000
- Residential Income
- $5,895,000
- Energy
- $6,455,000
- Income-Based Land
- $6,450,000
- Food Service
- $5,500,000
Location Insight
- Map
- Local Demand
- City
- Bridgeton
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.2315
- Latitude
- 39.4212
- CBSA code
- 47220
- CBSA name
- VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA
